openPR Logo
Press release

What's driving the Text Analytics Market Share? Verint Systems Inc., Unmetric Inc., SAS Institute Inc., SAP SE, RapidMiner Inc., OpenText Corporation, NetBase Solutions Inc., Microsoft Corporation, Megaputer Intelligence Inc., Medallia Inc., Luminoso Tech

04-01-2020 02:13 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: marketstudyreport.com

/ PR Agency: marketstudyreport
What's driving the Text Analytics Market Share? Verint Systems

According to the research report titled 'Text Analytics Market Size By Component, By Deployment Model, By End-use, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 - 2026', available with Market Study Report LLC, the global text analytics market is expected to surpass USD 15 billion by the year 2026.

According to the report, growing demand from private and public entities to analyze consumer behavior is a major factor driving the text analytics market growth. These days enterprises use text mining solutions to verify and validate fake claims and misrepresented facts. Analytics helps in reducing the financial burden of the corporations as well as minimizes the risk of fraud. Increasing instances of financial frauds have boosted the demand for technically advanced solutions which in turn is aiding the market expansion.

Several government entities are adopting text analytics solutions in order to enhance regulatory compliance, improve policy analysis, and to measure public feedback. Rising adoption of e-governance across the globe is stimulating the industry outlook. Text mining solutions help government entities to extract and evaluate information in order to gain new insights.

Request sample copy of this Report@ https://www.marketstudyreport.com/request-a-sample/2419636/?utm_source=Openpr.com-AN

Text Analytics Market size is expected to exceed USD 15 billion by 2026. The growing demand to gain key business insights by analyzing consumer behavior is propelling market growth. Considering the geographical landscape, Europe and North America text analytics market is presumed to expand significantly during the forecast period. The growth is attributed to various collaborations between private companies and text analytics solution providers in order to retrieve useful insights from social media information.

Citing the end use landscape, the travel & hospitality segment is expected to register substantial growth during the estimated timeframe. Increasing utilization of text mining solutions in travel & hospitality industry owing to its customer centric nature is facilitating the business scenario.
On the other hand, Latin America text analytics market is poised to amass commendable gains in the ensuing years, primarily driven by rising adoption of social media analytics in countries such as Mexico and Brazil. Surging investments in NLP technologies and the spike in desire to boost customer experience are contributing towards the popularity of the text analytics solutions across the region.

The prominent companies operating in the text analytics market are Verint Systems Inc., Unmetric Inc., SAS Institute Inc., SAP SE, RapidMiner Inc., OpenText Corporation, NetBase Solutions Inc., Microsoft Corporation, Megaputer Intelligence Inc., Medallia Inc., Luminoso Technologies Inc., Lexalytics Inc., Khoros LLC, Jive Software (Aurea Inc.), Interactions LLC, IMB Corporation, Hewlett Packard Enterprise, Clarabridge, Brandwatch, Bitext Innovations S.L., Altair Engineering Inc. (Angoss Software Corporation), Basis Technology, and Amazon Web Services (AWS).

Request a discount on standard prices of this report at: https://www.marketstudyreport.com/check-for-discount/2419636/?utm_source=Openpr.com-AN

Question and Answers: Text Analytics Market
Question 1: What are the key factors driving the growth of text analytics market?
Answer: According to the report, growing demand from private and public entities to analyze consumer behavior is a major factor driving the text analytics market growth. These days enterprises use text mining solutions to verify and validate fake claims and misrepresented facts. Analytics helps in reducing the financial burden of the corporations as well as minimizes the risk of fraud. Increasing instances of financial frauds have boosted the demand for technically advanced solutions which in turn is aiding the market expansion.

Several government entities are adopting text analytics solutions in order to enhance regulatory compliance, improve policy analysis, and to measure public feedback. Rising adoption of e-governance across the globe is stimulating the industry outlook. Text mining solutions help government entities to extract and evaluate information in order to gain new insights.
Question 2: What factors will contribute to the popularity of text mining solutions in travel and hospitality industry?

Answer: The report cites that the travel & hospitality segment is expected to register substantial growth during the estimated timeframe. Increasing utilization of text mining solutions in travel & hospitality industry owing to its customer centric nature is facilitating the business scenario.
Question 3: Which are the major regions contributing towards the growth of text analytics market?
Answer: Europe and North America text analytics market is presumed to expand significantly during the forecast period. The growth is attributed to various collaborations between private companies and text analytics solution providers in order to retrieve useful insights from social media information.

On the other hand, Latin America text analytics market is poised to amass commendable gains in the ensuing years, primarily driven by rising adoption of social media analytics in countries such as Mexico and Brazil. Surging investments in NLP technologies and the spike in the desire to boost customer experience are contributing towards the popularity of the text analytics solutions across the region.

Question 4: How is the competitive landscape of text analytics market defined?

Answer: The prominent companies operating in the text analytics market are Verint Systems Inc., Unmetric Inc., SAS Institute Inc., SAP SE, RapidMiner Inc., OpenText Corporation, NetBase Solutions Inc., Microsoft Corporation, Megaputer Intelligence Inc., Medallia Inc., Luminoso Technologies Inc., Lexalytics Inc., Khoros LLC, Jive Software (Aurea Inc.), Interactions LLC, IMB Corporation, Hewlett Packard Enterprise, Clarabridge, Brandwatch, Bitext Innovations S.L., Altair Engineering Inc. (Angoss Software Corporation), Basis Technology, and Amazon Web Services (AWS).

Contact Us:
Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog

About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release What's driving the Text Analytics Market Share? Verint Systems Inc., Unmetric Inc., SAS Institute Inc., SAP SE, RapidMiner Inc., OpenText Corporation, NetBase Solutions Inc., Microsoft Corporation, Megaputer Intelligence Inc., Medallia Inc., Luminoso Tech here

News-ID: 1994806 • Views:

More Releases from marketstudyreport.com

Load Bank Market Growth Prospectus by 2028 - Business Opportunities by ASCO Power Technologies (Schneider Electric), Simplex, Shenzhen Sikes, Pite Tech
Load Bank Market Growth Prospectus by 2028 - Business Opportunities by ASCO Powe …
A concise assortment of data on the 'Load Bank Market' offers an exhaustive study targeting current market trends influencing the business across assorted regions. Significant details related to market size, market share, applications, and statistics are put together to convey an ensemble prediction of the industry. The research further focuses on comprehensive competitor analysis in addition to highlighting growth strategies embraced by market leaders. Load Bank Market Size was estimated
Agriculture Equipment Market is Expected to Reach USD 161640 Million by 2028 - John Deere, CNH Industrial, Kubota, AGCO, Claas, Yanmar, Mahindra, LOVOL
Agriculture Equipment Market is Expected to Reach USD 161640 Million by 2028 - J …
Global Agriculture Equipment Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of the market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report. Global Agriculture Equipment Market Size was estimated at USD 114110 million in 2021 and is projected to reach USD 161640 million by 2028, exhibiting a CAGR of
Electric Vehicle Market Size to grow at a CAGR of 23.5% through 2028| Tesla Inc., Volkswagen AG, SAIC Motors, BYD Auto Co. Ltd., BMW Group, Nissan Motor Co. Ltd., Hyundai Group
Electric Vehicle Market Size to grow at a CAGR of 23.5% through 2028| Tesla Inc. …
Global Electric Vehicle Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report. The electric vehicles (EVs) market is estimated to witness a robust growth rate of 23.5% during the period 2019-2028. The operation is done to stop ligament tears and
Fuel Cell Air Compressor Market is Expected to Reach USD 512.3 Million by 2028 - Garrett Motion, Hanon Systems, UQM Technologies, FISCHER Fuel Cell Compressor
Fuel Cell Air Compressor Market is Expected to Reach USD 512.3 Million by 2028 - …
Global Fuel Cell Air Compressor Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report. Global Fuel Cell Air Compressor Market Size was estimated at USD 215.1 million in 2021 and is projected to reach USD 512.3 million by 2028, exhibiting

All 5 Releases


More Releases for Text

New Batch PDF Text Deleting Tool Deletes Text from PDF Files in Bulk
Today PDFEraser, Inc. released the new software program PDF Text Deleter, which is a Windows PDF utility enables users to permanently delete text from PDF files in bulk easily. People may often find that some PDF documents have the wrong text that needs to be removed, or important text should not be displayed in their daily work. Since PDF is a virtually printed document format, it could be very troublesome
Mango Animate's Text Video Software Will Design Engaging Text Videos Easily
The intuitive text video maker simplifies the process of video production for everyone without any prior design knowledge. The software includes an array of features empowering users to create text animated videos that stand out. Mango Animate will release a text video software(https://mangoanimate.com/products/tm) program that aims to help users of all expertise, be it professional video creators and someone with no video design knowledge, and convert their text into winning animated
Text Analytics Market
Text Analytics Market: Introduction Text analytics also known as text mining is used to analyze the unstructured data into meaningful insights. The text mining software examines the large chunk of written materials which identifies relationship, facts and assertions, whereby visualizing it the form of charts, graphs, maps and others. These visualizing techniques are helpful to find the potential business insights in social media posts, medical records, surveys and other data based
Text Analytics Market
“Text Analytics Market Development Factors and Investment Analysis by Leading Manufacturers 2020 – 2026” is the latest addition to www.coherentmarketinsights.com industry research reports collection.” Text Analytics Market Overview: The Text Analytics Market Report released and promoted by CMI draw out historical, existing, and forecast valuation of the Text Analytics industry till 2026. The report highlights the market essentials, opportunities, regional market, Emerging Growth Factors, market challenges, forecast and competitors joined with their
Text Analytics Market Focusing on the Enhancement of their Text Analytics Capabi …
This research report provides in-depth analysis of the global text analytics market on the basis of deployment type, applications, and end-users. The text analytics market based on deployment type includes on-premise and cloud-based text analytics solutions. The text analytics market on the basis of applications is segmented into data analysis & forecasting, fraud/spam detection, intelligence & law enforcement, and customer relationship management (CRM). The text analytics end-user segment comprises military
Text Analytics Market - Increase in unstructured data demand text analytics solu …
This report on the global text analytics market provides analysis for the period from 2014 to 2024, wherein 2015 is the base year and the years from 2016 to 2024 are the forecast period. Data for 2014 has been included as historical information. The report covers all the prevalent trends and technologies playing a major role in the growth of the text analytics market over the forecast period. It also